Andrews v. Hochmuth

The sole question in this declaratory suit is whether a designated joint owner of a savings account takes the proceeds subject to a trust or free of the trust.

The facts are not in dispute. On March 1, 1957, Marguerite M. Dunn created from her own funds an account with Equitable Savings & Loan Association, designating ownership of the account as follows:

“Marguerite M. Dunn or Ruth Hochmuth, or the survivor thereof, trustee for Lisa Miller.”

On May 22, 1963, Marguerite M. Dunn died without having expressed an intent to change the status of the savings account. According to the terms of the…